QVML vs. SCHX ETF Comparison

Comparison of Invesco S&P 500 QVM Multi-factor ETF (QVML) to Schwab U.S. Large-Cap ETF (SCHX)

QVML

Invesco S&P 500 QVM Multi-factor ETF

QVML Description

The investment seeks to track the investment results of the S&P 500 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund generally will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P 500 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.34

Average Daily Volume

1,515

Number of Holdings ^*

446

* may have additional holdings in another (foreign) market

SCHX

Schwab U.S. Large-Cap ETF

SCHX Description

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market IndexSM. The fund invests at least 90% of net assets in stocks that are included in the index. The index includes the large-cap portion of the Dow Jones U.S. Total Stock Market IndexSM actually available to investors in the marketplace. The Dow Jones U.S. Large-Cap Total Stock Market Index includes the components ranked 1-750 by full market capitalization. The index is a float-adjusted market capitalization weighted index. It may invest up to 10% of its net assets in securities not included in its index.

Grade (RS Rating)

Last Trade

$23.65

Average Daily Volume

7,588,151

Number of Holdings ^*

734

* may have additional holdings in another (foreign) market

Performance

Period	QVML	SCHX
30 Days	2.75%	3.37%
60 Days	6.48%	7.15%
90 Days	9.69%	10.75%
12 Months	37.86%	38.36%

445 Overlapping Holdings

	Symbol	Grade	Weight in QVML	Weight in SCHX	Overlap
	A	F	0.09%	0.07%	0.07%
	AAPL	D	7.06%	6.3%	6.3%
	ABBV	D	0.75%	0.66%	0.66%
	ABNB	C	0.14%	0.12%	0.12%
	ABT	B	0.41%	0.38%	0.38%
	ACGL	D	0.08%	0.07%	0.07%
	ACN	C	0.46%	0.41%	0.41%
	ADBE	C	0.46%	0.42%	0.42%
	ADI	D	0.25%	0.21%	0.21%
	ADM	F	0.06%	0.05%	0.05%
	ADP	A	0.26%	0.23%	0.23%
	ADSK	B	0.14%	0.12%	0.12%
	AEE	A	0.05%	0.04%	0.04%
	AEP	D	0.1%	0.1%	0.1%
	AFL	C	0.12%	0.1%	0.1%
	AIG	C	0.11%	0.09%	0.09%
	AIZ	A	0.02%	0.02%	0.02%
	AJG	B	0.13%	0.12%	0.12%
	AKAM	F	0.04%	0.03%	0.03%
	ALGN	D	0.03%	0.03%	0.03%
	ALL	A	0.11%	0.09%	0.09%
	ALLE	D	0.03%	0.02%	0.02%
	AMAT	F	0.36%	0.29%	0.29%
	AMCR	D	0.03%	0.03%	0.03%
	AMD	F	0.5%	0.44%	0.44%
	AME	A	0.09%	0.08%	0.08%
	AMP	A	0.12%	0.1%	0.1%
	AMZN	B	3.9%	3.6%	3.6%
	ANET	C	0.24%	0.2%	0.2%
	ANSS	B	0.07%	0.05%	0.05%
	AON	A	0.17%	0.15%	0.15%
	AOS	F	0.02%	0.02%	0.02%
	APA	F	0.02%	0.02%	0.02%
	APH	B	0.2%	0.16%	0.16%
	APTV	F	0.03%	0.03%	0.03%
	ARE	F	0.04%	0.03%	0.03%
	ATO	A	0.04%	0.04%	0.04%
	AVB	B	0.07%	0.06%	0.06%
	AVGO	B	1.73%	1.55%	1.55%
	AVY	F	0.04%	0.03%	0.03%
	AWK	D	0.05%	0.05%	0.05%
	AXON	B	0.07%	0.06%	0.06%
	AXP	B	0.35%	0.31%	0.31%
	AZO	C	0.12%	0.1%	0.1%
	BAC	A	0.67%	0.57%	0.57%
	BALL	D	0.04%	0.03%	0.03%
	BAX	F	0.04%	0.03%	0.03%
	BBY	D	0.04%	0.03%	0.03%
	BDX	D	0.14%	0.13%	0.13%
	BEN	C	0.01%	0.01%	0.01%
	BG	D	0.03%	0.02%	0.02%
	BK	B	0.12%	0.11%	0.11%
	BKNG	A	0.36%	0.31%	0.31%
	BKR	B	0.1%	0.08%	0.08%
	BLDR	D	0.05%	0.04%	0.04%
	BR	A	0.06%	0.05%	0.05%
	BRK.A	C	1.83%	1.6%	1.6%
	BRO	A	0.06%	0.05%	0.05%
	BSX	A	0.26%	0.24%	0.24%
	BWA	B	0.02%	0.01%	0.01%
	BX	B	0.26%	0.24%	0.24%
	BXP	D	0.02%	0.02%	0.02%
	C	B	0.3%	0.25%	0.25%
	CAG	F	0.03%	0.03%	0.03%
	CAH	B	0.06%	0.05%	0.05%
	CARR	D	0.13%	0.12%	0.12%
	CAT	B	0.44%	0.38%	0.38%
	CB	D	0.24%	0.2%	0.2%
	CBOE	D	0.04%	0.04%	0.04%
	CBRE	B	0.08%	0.07%	0.07%
	CCL	A	0.05%	0.05%	0.05%
	CDNS	B	0.17%	0.15%	0.15%
	CDW	F	0.06%	0.05%	0.05%
	CE	F	0.02%	0.02%	0.02%
	CEG	D	0.17%	0.14%	0.14%
	CF	B	0.03%	0.03%	0.03%
	CFG	B	0.05%	0.04%	0.04%
	CHD	B	0.05%	0.05%	0.05%
	CHRW	B	0.03%	0.02%	0.02%
	CHTR	B	0.09%	0.07%	0.07%
	CI	D	0.19%	0.16%	0.16%
	CINF	A	0.05%	0.04%	0.04%
	CL	F	0.16%	0.14%	0.14%
	CMCSA	B	0.37%	0.32%	0.32%
	CME	B	0.17%	0.15%	0.15%
	CMG	B	0.17%	0.15%	0.15%
	CMI	B	0.11%	0.09%	0.09%
	CMS	D	0.04%	0.04%	0.04%
	CNC	F	0.07%	0.06%	0.06%
	CNP	B	0.04%	0.04%	0.04%
	COF	B	0.16%	0.14%	0.14%
	COP	C	0.31%	0.25%	0.25%
	COR	A	0.09%	0.08%	0.08%
	COST	B	0.84%	0.74%	0.74%
	CPAY	A	0.05%	0.04%	0.04%
	CPB	F	0.02%	0.02%	0.02%
	CPRT	B	0.11%	0.09%	0.09%
	CPT	C	0.03%	0.02%	0.02%
	CRL	C	0.02%	0.02%	0.02%
	CRM	B	0.64%	0.55%	0.55%
	CRWD	B	0.17%	0.14%	0.14%
	CSCO	A	0.51%	0.43%	0.43%
	CSGP	D	0.06%	0.06%	0.06%
	CSX	B	0.15%	0.13%	0.13%
	CTAS	A	0.16%	0.14%	0.14%
	CTRA	C	0.04%	0.03%	0.03%
	CTSH	A	0.09%	0.07%	0.07%
	CTVA	C	0.09%	0.08%	0.08%
	CVS	F	0.15%	0.14%	0.14%
	CVX	B	0.6%	0.5%	0.5%
	CZR	D	0.02%	0.02%	0.02%
	D	D	0.1%	0.09%	0.09%
	DAL	A	0.08%	0.07%	0.07%
	DAY	B	0.03%	0.02%	0.02%
	DD	D	0.08%	0.07%	0.07%
	DE	D	0.22%	0.19%	0.19%
	DECK	B	0.06%	0.05%	0.05%
	DFS	B	0.1%	0.09%	0.09%
	DG	F	0.04%	0.03%	0.03%
	DGX	A	0.04%	0.03%	0.03%
	DHI	D	0.11%	0.09%	0.09%
	DHR	F	0.34%	0.3%	0.3%
	DIS	C	0.39%	0.33%	0.33%
	DLR	B	0.12%	0.1%	0.1%
	DLTR	F	0.03%	0.02%	0.02%
	DOC	C	0.03%	0.03%	0.03%
	DOV	A	0.06%	0.05%	0.05%
	DOW	F	0.08%	0.06%	0.06%
	DRI	B	0.04%	0.04%	0.04%
	DTE	D	0.05%	0.05%	0.05%
	DUK	D	0.18%	0.16%	0.16%
	DVA	C	0.02%	0.01%	0.01%
	DVN	F	0.06%	0.05%	0.05%
	EA	A	0.09%	0.07%	0.07%
	EBAY	D	0.06%	0.06%	0.06%
	ECL	D	0.13%	0.12%	0.12%
	ED	D	0.07%	0.06%	0.06%
	EFX	D	0.07%	0.06%	0.06%
	EG	D	0.03%	0.03%	0.03%
	EIX	D	0.07%	0.06%	0.06%
	ELV	F	0.21%	0.19%	0.19%
	EMN	D	0.03%	0.02%	0.02%
	EMR	A	0.16%	0.14%	0.14%
	EOG	B	0.17%	0.13%	0.13%
	EPAM	C	0.03%	0.02%	0.02%
	EQR	D	0.05%	0.05%	0.05%
	EQT	A	0.05%	0.04%	0.04%
	ES	F	0.04%	0.04%	0.04%
	ESS	C	0.04%	0.03%	0.03%
	ETN	A	0.31%	0.27%	0.27%
	ETR	B	0.06%	0.06%	0.06%
	EVRG	A	0.03%	0.03%	0.03%
	EW	F	0.09%	0.07%	0.07%
	EXC	D	0.08%	0.07%	0.07%
	EXPD	F	0.04%	0.03%	0.03%
	EXPE	B	0.05%	0.04%	0.04%
	EXR	D	0.07%	0.06%	0.06%
	F	C	0.1%	0.08%	0.08%
	FANG	D	0.08%	0.06%	0.06%
	FAST	B	0.1%	0.09%	0.09%
	FCX	F	0.16%	0.13%	0.13%
	FDS	A	0.04%	0.03%	0.03%
	FDX	B	0.14%	0.12%	0.12%
	FE	D	0.04%	0.04%	0.04%
	FFIV	B	0.03%	0.03%	0.03%
	FI	A	0.26%	0.23%	0.23%
	FIS	C	0.1%	0.09%	0.09%
	FITB	A	0.07%	0.06%	0.06%
	FMC	F	0.02%	0.01%	0.01%
	FOXA	A	0.03%	0.03%	0.03%
	FRT	C	0.02%	0.02%	0.02%
	FSLR	F	0.04%	0.04%	0.04%
	FTNT	A	0.11%	0.1%	0.1%
	FTV	D	0.06%	0.05%	0.05%
	GD	A	0.15%	0.15%	0.15%
	GDDY	A	0.06%	0.05%	0.05%
	GE	C	0.43%	0.36%	0.36%
	GEHC	D	0.08%	0.07%	0.07%
	GEN	A	0.03%	0.03%	0.03%
	GEV	B	0.19%	0.17%	0.17%
	GILD	B	0.25%	0.21%	0.21%
	GIS	F	0.08%	0.07%	0.07%
	GL	B	0.02%	0.02%	0.02%
	GLW	B	0.08%	0.07%	0.07%
	GM	B	0.15%	0.12%	0.12%
	GNRC	B	0.03%	0.02%	0.02%
	GOOG	B	4.43%	1.59%	1.59%
	GPC	D	0.04%	0.03%	0.03%
	GPN	B	0.06%	0.05%	0.05%
	GRMN	A	0.07%	0.06%	0.06%
	GS	B	0.43%	0.35%	0.35%
	GWW	B	0.11%	0.1%	0.1%
	HAL	D	0.06%	0.05%	0.05%
	HBAN	A	0.06%	0.05%	0.05%
	HCA	D	0.15%	0.12%	0.12%
	HD	B	0.82%	0.72%	0.72%
	HES	C	0.09%	0.07%	0.07%
	HIG	C	0.07%	0.06%	0.06%
	HII	D	0.02%	0.01%	0.01%
	HOLX	D	0.04%	0.03%	0.03%
	HON	B	0.3%	0.26%	0.26%
	HPE	B	0.07%	0.05%	0.05%
	HPQ	B	0.07%	0.07%	0.07%
	HRL	F	0.02%	0.02%	0.02%
	HSIC	F	0.02%	0.02%	0.02%
	HST	C	0.03%	0.02%	0.02%
	HSY	D	0.05%	0.05%	0.05%
	HUBB	B	0.05%	0.05%	0.05%
	HUM	F	0.08%	0.06%	0.06%
	HWM	B	0.09%	0.09%	0.09%
	IBM	D	0.4%	0.37%	0.37%
	ICE	D	0.19%	0.17%	0.17%
	IDXX	D	0.07%	0.06%	0.06%
	IEX	B	0.04%	0.03%	0.03%
	IFF	F	0.05%	0.04%	0.04%
	INCY	B	0.03%	0.02%	0.02%
	INTC	C	0.26%	0.2%	0.2%
	INTU	A	0.39%	0.34%	0.34%
	INVH	D	0.04%	0.04%	0.04%
	IP	B	0.04%	0.04%	0.04%
	IPG	F	0.03%	0.02%	0.02%
	IQV	F	0.09%	0.07%	0.07%
	IR	A	0.09%	0.08%	0.08%
	ISRG	A	0.39%	0.34%	0.34%
	IT	A	0.09%	0.08%	0.08%
	ITW	B	0.16%	0.14%	0.14%
	IVZ	C	0.02%	0.02%	0.02%
	J	B	0.04%	0.03%	0.03%
	JBHT	B	0.03%	0.03%	0.03%
	JBL	B	0.04%	0.03%	0.03%
	JCI	B	0.12%	0.1%	0.1%
	JKHY	C	0.03%	0.02%	0.02%
	JNJ	F	0.8%	0.71%	0.71%
	JNPR	C	0.03%	0.02%	0.02%
	JPM	B	1.54%	1.31%	1.31%
	K	A	0.04%	0.04%	0.04%
	KDP	D	0.07%	0.07%	0.07%
	KEY	B	0.04%	0.03%	0.03%
	KEYS	B	0.06%	0.05%	0.05%
	KHC	F	0.05%	0.05%	0.05%
	KIM	B	0.03%	0.03%	0.03%
	KKR	B	0.22%	0.19%	0.19%
	KLAC	F	0.21%	0.17%	0.17%
	KMB	F	0.09%	0.08%	0.08%
	KMI	A	0.11%	0.09%	0.09%
	KMX	C	0.03%	0.02%	0.02%
	KO	F	0.53%	0.46%	0.46%
	KR	A	0.09%	0.07%	0.07%
	KVUE	A	0.09%	0.08%	0.08%
	L	B	0.03%	0.03%	0.03%
	LDOS	A	0.06%	0.05%	0.05%
	LEN	D	0.09%	0.08%	0.08%
	LH	B	0.04%	0.04%	0.04%
	LHX	B	0.11%	0.09%	0.09%
	LIN	D	0.48%	0.41%	0.41%
	LKQ	D	0.02%	0.02%	0.02%
	LLY	D	1.39%	1.14%	1.14%
	LMT	D	0.25%	0.22%	0.22%
	LNT	C	0.03%	0.03%	0.03%
	LRCX	F	0.23%	0.19%	0.19%
	LULU	C	0.08%	0.07%	0.07%
	LUV	B	0.04%	0.03%	0.03%
	LW	C	0.02%	0.02%	0.02%
	LYB	F	0.05%	0.04%	0.04%
	MA	A	0.88%	0.8%	0.8%
	MAA	C	0.04%	0.03%	0.03%
	MAS	D	0.04%	0.03%	0.03%
	MCHP	F	0.09%	0.07%	0.07%
	MCK	B	0.18%	0.13%	0.13%
	MCO	C	0.16%	0.13%	0.13%
	MDLZ	F	0.18%	0.16%	0.16%
	MDT	D	0.24%	0.21%	0.21%
	MET	C	0.1%	0.09%	0.09%
	META	B	2.77%	2.32%	2.32%
	MGM	F	0.02%	0.02%	0.02%
	MHK	D	0.02%	0.01%	0.01%
	MKC	D	0.04%	0.04%	0.04%
	MKTX	C	0.02%	0.02%	0.02%
	MLM	B	0.08%	0.07%	0.07%
	MMC	C	0.23%	0.2%	0.2%
	MMM	D	0.16%	0.14%	0.14%
	MNST	B	0.08%	0.07%	0.07%
	MO	A	0.19%	0.17%	0.17%
	MOH	F	0.04%	0.04%	0.04%
	MOS	D	0.02%	0.02%	0.02%
	MPC	D	0.13%	0.1%	0.1%
	MPWR	F	0.08%	0.07%	0.07%
	MRK	F	0.55%	0.47%	0.47%
	MRNA	F	0.03%	0.03%	0.03%
	MRO	B	0.04%	0.03%	0.03%
	MS	A	0.36%	0.3%	0.3%
	MSFT	C	6.53%	5.81%	5.81%
	MSI	B	0.17%	0.15%	0.15%
	MTB	B	0.08%	0.07%	0.07%
	MU	C	0.28%	0.23%	0.23%
	NCLH	A	0.02%	0.02%	0.02%
	NDAQ	B	0.07%	0.06%	0.06%
	NEE	D	0.31%	0.28%	0.28%
	NFLX	A	0.74%	0.62%	0.62%
	NI	A	0.03%	0.03%	0.03%
	NKE	F	0.2%	0.17%	0.17%
	NOC	C	0.15%	0.13%	0.13%
	NOW	A	0.42%	0.38%	0.38%
	NRG	B	0.04%	0.04%	0.04%
	NSC	B	0.13%	0.12%	0.12%
	NTAP	C	0.06%	0.05%	0.05%
	NTRS	A	0.05%	0.04%	0.04%
	NUE	C	0.09%	0.07%	0.07%
	NVDA	A	7.83%	6.66%	6.66%
	NVR	D	0.06%	0.05%	0.05%
	NWSA	B	0.03%	0.03%	0.03%
	NXPI	F	0.14%	0.11%	0.11%
	O	D	0.1%	0.09%	0.09%
	ODFL	B	0.08%	0.08%	0.08%
	OKE	A	0.13%	0.11%	0.11%
	OMC	B	0.04%	0.04%	0.04%
	ON	D	0.07%	0.06%	0.06%
	OXY	F	0.08%	0.06%	0.06%
	PANW	A	0.28%	0.23%	0.23%
	PARA	C	0.01%	0.01%	0.01%
	PAYC	B	0.02%	0.02%	0.02%
	PAYX	B	0.1%	0.09%	0.09%
	PCAR	B	0.13%	0.11%	0.11%
	PCG	A	0.09%	0.08%	0.08%
	PEG	D	0.09%	0.08%	0.08%
	PEP	F	0.46%	0.42%	0.42%
	PFG	C	0.04%	0.03%	0.03%
	PG	D	0.8%	0.71%	0.71%
	PGR	B	0.32%	0.28%	0.28%
	PH	B	0.19%	0.17%	0.17%
	PHM	D	0.06%	0.05%	0.05%
	PKG	B	0.05%	0.04%	0.04%
	PLD	F	0.22%	0.2%	0.2%
	PM	C	0.4%	0.36%	0.36%
	PNC	A	0.18%	0.15%	0.15%
	PNR	B	0.04%	0.03%	0.03%
	PNW	B	0.02%	0.02%	0.02%
	POOL	D	0.03%	0.03%	0.03%
	PPG	F	0.06%	0.05%	0.05%
	PPL	A	0.05%	0.04%	0.04%
	PRU	B	0.1%	0.08%	0.08%
	PSA	D	0.11%	0.1%	0.1%
	PSX	D	0.13%	0.1%	0.1%
	PTC	B	0.05%	0.04%	0.04%
	PWR	B	0.1%	0.09%	0.09%
	PYPL	B	0.19%	0.15%	0.15%
	QCOM	F	0.43%	0.36%	0.36%
	QRVO	F	0.02%	0.01%	0.01%
	RCL	A	0.11%	0.1%	0.1%
	REG	B	0.03%	0.02%	0.02%
	REGN	F	0.19%	0.16%	0.16%
	RF	A	0.05%	0.04%	0.04%
	RJF	A	0.06%	0.06%	0.06%
	RMD	B	0.07%	0.07%	0.07%
	ROK	B	0.07%	0.06%	0.06%
	ROL	B	0.03%	0.03%	0.03%
	ROP	B	0.13%	0.11%	0.11%
	ROST	F	0.1%	0.09%	0.09%
	RSG	A	0.09%	0.08%	0.08%
	RTX	C	0.35%	0.3%	0.3%
	RVTY	C	0.03%	0.03%	0.03%
	SCHW	A	0.23%	0.21%	0.21%
	SHW	B	0.19%	0.16%	0.16%
	SLB	D	0.14%	0.12%	0.12%
	SMCI	F	0.03%	0.02%	0.02%
	SNA	A	0.04%	0.03%	0.03%
	SNPS	B	0.2%	0.16%	0.16%
	SO	D	0.19%	0.18%	0.18%
	SOLV	C	0.02%	0.02%	0.02%
	SPG	B	0.12%	0.1%	0.1%
	SPGI	D	0.33%	0.29%	0.29%
	SRE	A	0.12%	0.1%	0.1%
	STE	F	0.04%	0.04%	0.04%
	STLD	B	0.05%	0.04%	0.04%
	STT	B	0.06%	0.05%	0.05%
	STZ	D	0.08%	0.07%	0.07%
	SW	C	0.06%	0.05%	0.05%
	SWK	F	0.03%	0.03%	0.03%
	SWKS	F	0.03%	0.03%	0.03%
	SYF	B	0.06%	0.05%	0.05%
	SYK	A	0.26%	0.24%	0.24%
	SYY	B	0.08%	0.07%	0.07%
	T	C	0.31%	0.3%	0.3%
	TAP	B	0.02%	0.02%	0.02%
	TDY	A	0.05%	0.04%	0.04%
	TER	D	0.04%	0.03%	0.03%
	TFC	A	0.14%	0.12%	0.12%
	TFX	F	0.02%	0.02%	0.02%
	TGT	C	0.15%	0.13%	0.13%
	TJX	B	0.28%	0.24%	0.24%
	TMO	F	0.44%	0.4%	0.4%
	TMUS	A	0.25%	0.21%	0.21%
	TPR	B	0.02%	0.02%	0.02%
	TRGP	A	0.09%	0.08%	0.08%
	TROW	B	0.06%	0.05%	0.05%
	TRV	B	0.12%	0.11%	0.11%
	TSCO	D	0.06%	0.06%	0.06%
	TSN	C	0.04%	0.03%	0.03%
	TT	A	0.19%	0.16%	0.16%
	TTWO	A	0.06%	0.05%	0.05%
	TXN	B	0.44%	0.36%	0.36%
	TXT	D	0.04%	0.03%	0.03%
	TYL	B	0.06%	0.05%	0.05%
	UAL	A	0.05%	0.05%	0.05%
	UBER	F	0.33%	0.29%	0.29%
	UDR	D	0.03%	0.02%	0.02%
	UHS	D	0.03%	0.02%	0.02%
	ULTA	C	0.04%	0.03%	0.03%
	UNH	B	1.17%	1.02%	1.02%
	UNP	D	0.32%	0.28%	0.28%
	UPS	D	0.2%	0.18%	0.18%
	URI	B	0.13%	0.11%	0.11%
	USB	B	0.17%	0.15%	0.15%
	V	A	0.98%	0.96%	0.96%
	VICI	D	0.07%	0.06%	0.06%
	VLO	D	0.1%	0.08%	0.08%
	VLTO	D	0.05%	0.05%	0.05%
	VMC	B	0.08%	0.07%	0.07%
	VRSK	A	0.08%	0.07%	0.07%
	VRTX	B	0.28%	0.24%	0.24%
	VST	B	0.1%	0.08%	0.08%
	VTR	C	0.05%	0.05%	0.05%
	VTRS	B	0.03%	0.03%	0.03%
	VZ	D	0.34%	0.32%	0.32%
	WAB	B	0.08%	0.07%	0.07%
	WAT	B	0.05%	0.04%	0.04%
	WBA	D	0.01%	0.01%	0.01%
	WBD	C	0.05%	0.03%	0.03%
	WDC	D	0.05%	0.04%	0.04%
	WEC	B	0.06%	0.06%	0.06%
	WELL	B	0.16%	0.14%	0.14%
	WFC	B	0.55%	0.46%	0.46%
	WM	A	0.17%	0.15%	0.15%
	WMB	A	0.15%	0.13%	0.13%
	WMT	A	0.73%	0.67%	0.67%
	WRB	B	0.04%	0.03%	0.03%
	WST	C	0.05%	0.04%	0.04%
	WTW	A	0.07%	0.06%	0.06%
	WY	F	0.05%	0.04%	0.04%
	XEL	A	0.07%	0.07%	0.07%
	XOM	B	1.22%	1.0%	1.0%
	XYL	D	0.07%	0.06%	0.06%
	ZBH	C	0.05%	0.04%	0.04%
	ZBRA	A	0.04%	0.04%	0.04%
	ZTS	F	0.16%	0.14%	0.14%

QVML Overweight 1 Positions Relative to SCHX

	Symbol	Grade	Weight
	RL	B	0.02%

QVML Underweight 289 Positions Relative to SCHX

	Symbol	Grade	Weight
	GOOGL	B	-1.92%
	TSLA	B	-1.49%
	ORCL	A	-0.54%
	MCD	D	-0.39%
	AMGN	F	-0.32%
	PFE	F	-0.29%
	LOW	B	-0.28%
	PLTR	B	-0.21%
	BMY	B	-0.21%
	BA	F	-0.2%
	SBUX	B	-0.2%
	AMT	F	-0.17%
	EQIX	C	-0.16%
	MRVL	B	-0.15%
	APO	B	-0.14%
	TDG	B	-0.14%
	APD	B	-0.13%
	ORLY	A	-0.13%
	MAR	A	-0.12%
	HLT	A	-0.11%
	NEM	F	-0.1%
	FICO	A	-0.1%
	COIN	B	-0.1%
	WDAY	B	-0.1%
	TTD	A	-0.1%
	DASH	A	-0.1%
	SNOW	C	-0.08%
	FLUT	B	-0.08%
	SQ	A	-0.08%
	LNG	B	-0.08%
	MSTR	A	-0.08%
	CCI	F	-0.08%
	VRT	B	-0.08%
	MSCI	B	-0.08%
	ALNY	D	-0.07%
	TEAM	B	-0.07%
	APP	A	-0.07%
	YUM	B	-0.07%
	DELL	C	-0.07%
	DDOG	C	-0.07%
	OTIS	D	-0.07%
	MTD	F	-0.06%
	HUBS	A	-0.06%
	ARES	B	-0.06%
	VEEV	B	-0.06%
	IRM	C	-0.06%
	TPL	A	-0.05%
	BIIB	F	-0.05%
	HEI	C	-0.05%
	FCNCA	B	-0.05%
	CVNA	B	-0.05%
	DXCM	C	-0.05%
	RBLX	A	-0.05%
	NET	C	-0.05%
	LII	B	-0.04%
	LYV	A	-0.04%
	CLX	B	-0.04%
	TRU	D	-0.04%
	PINS	D	-0.04%
	MDB	C	-0.04%
	CSL	C	-0.04%
	ZM	A	-0.04%
	HOOD	B	-0.04%
	MKL	A	-0.04%
	STX	D	-0.04%
	LPLA	A	-0.04%
	BAH	C	-0.04%
	EME	B	-0.04%
	SBAC	D	-0.04%
	ILMN	C	-0.04%
	PFGC	B	-0.03%
	SFM	B	-0.03%
	TWLO	B	-0.03%
	NDSN	B	-0.03%
	CW	B	-0.03%
	RNR	D	-0.03%
	EL	F	-0.03%
	SAIA	B	-0.03%
	EWBC	A	-0.03%
	GGG	B	-0.03%
	TW	B	-0.03%
	RGA	A	-0.03%
	CASY	A	-0.03%
	ACM	B	-0.03%
	THC	B	-0.03%
	COHR	B	-0.03%
	SUI	F	-0.03%
	FIX	B	-0.03%
	FLEX	B	-0.03%
	DPZ	C	-0.03%
	DOCU	A	-0.03%
	TOL	B	-0.03%
	AVTR	F	-0.03%
	VRSN	C	-0.03%
	FNF	C	-0.03%
	SSNC	C	-0.03%
	GWRE	A	-0.03%
	ENTG	D	-0.03%
	NTRA	B	-0.03%
	BURL	C	-0.03%
	EQH	B	-0.03%
	USFD	A	-0.03%
	OC	B	-0.03%
	NTNX	B	-0.03%
	RBA	B	-0.03%
	WSM	F	-0.03%
	PSTG	D	-0.03%
	DT	C	-0.03%
	PODD	B	-0.03%
	MANH	C	-0.03%
	RPM	B	-0.03%
	UTHR	B	-0.03%
	TRMB	B	-0.03%
	XPO	B	-0.03%
	LVS	C	-0.03%
	WSO	A	-0.03%
	ZS	B	-0.03%
	RS	B	-0.03%
	DKNG	B	-0.03%
	IBKR	A	-0.03%
	WYNN	F	-0.02%
	CHRD	F	-0.02%
	VOYA	A	-0.02%
	OLED	F	-0.02%
	CBSH	A	-0.02%
	CHE	D	-0.02%
	HAS	D	-0.02%
	AR	B	-0.02%
	EGP	D	-0.02%
	OGE	B	-0.02%
	TPX	C	-0.02%
	TTC	D	-0.02%
	ORI	A	-0.02%
	AXTA	B	-0.02%
	ONTO	F	-0.02%
	APG	B	-0.02%
	LNW	C	-0.02%
	ZION	B	-0.02%
	GME	C	-0.02%
	MEDP	D	-0.02%
	PEN	B	-0.02%
	CNM	D	-0.02%
	ROKU	C	-0.02%
	PR	B	-0.02%
	CFR	B	-0.02%
	AAL	B	-0.02%
	PCTY	A	-0.02%
	DCI	A	-0.02%
	REXR	F	-0.02%
	KNX	B	-0.02%
	WING	D	-0.02%
	KBR	B	-0.02%
	MORN	A	-0.02%
	WCC	B	-0.02%
	RGLD	C	-0.02%
	MUSA	B	-0.02%
	CMA	B	-0.02%
	SNX	C	-0.02%
	AFG	B	-0.02%
	MTCH	F	-0.02%
	CIEN	B	-0.02%
	AYI	A	-0.02%
	LAD	B	-0.02%
	ENPH	F	-0.02%
	KNSL	C	-0.02%
	AES	F	-0.02%
	WTRG	B	-0.02%
	OHI	B	-0.02%
	EXAS	F	-0.02%
	CNH	D	-0.02%
	EHC	B	-0.02%
	RPRX	F	-0.02%
	WBS	B	-0.02%
	ALLY	C	-0.02%
	ARMK	C	-0.02%
	FBIN	F	-0.02%
	WWD	B	-0.02%
	CUBE	D	-0.02%
	WAL	B	-0.02%
	FHN	B	-0.02%
	ERIE	F	-0.02%
	CTLT	C	-0.02%
	CHDN	C	-0.02%
	FND	F	-0.02%
	OVV	C	-0.02%
	CCK	B	-0.02%
	BLD	F	-0.02%
	ALB	C	-0.02%
	CG	B	-0.02%
	DKS	D	-0.02%
	AMH	D	-0.02%
	ATR	A	-0.02%
	AA	C	-0.02%
	LAMR	D	-0.02%
	JEF	B	-0.02%
	WMS	F	-0.02%
	BJ	B	-0.02%
	Z	B	-0.02%
	TECH	C	-0.02%
	RRX	C	-0.02%
	UNM	A	-0.02%
	OWL	B	-0.02%
	WPC	F	-0.02%
	FTI	B	-0.02%
	SRPT	F	-0.02%
	OKTA	C	-0.02%
	ITT	A	-0.02%
	LECO	B	-0.02%
	SJM	F	-0.02%
	INSM	D	-0.02%
	JLL	C	-0.02%
	SNAP	C	-0.02%
	TTEK	C	-0.02%
	BMRN	F	-0.02%
	NBIX	C	-0.02%
	CACI	B	-0.02%
	SOFI	B	-0.02%
	NVT	B	-0.02%
	SCI	B	-0.02%
	ELS	C	-0.02%
	TOST	A	-0.02%
	LBRDK	B	-0.02%
	TXRH	B	-0.02%
	CLH	B	-0.02%
	GLPI	D	-0.02%
	COTY	F	-0.01%
	ADTN	B	-0.01%
	PAG	C	-0.01%
	WLK	F	-0.01%
	CELH	F	-0.01%
	POST	D	-0.01%
	ROIV	D	-0.01%
	PSN	A	-0.01%
	ST	F	-0.01%
	LEA	F	-0.01%
	SIRI	C	-0.01%
	AGCO	F	-0.01%
	PATH	C	-0.01%
	STWD	D	-0.01%
	ETSY	C	-0.01%
	U	D	-0.01%
	ELAN	D	-0.01%
	DAR	B	-0.01%
	BRKR	F	-0.01%
	ARW	F	-0.01%
	G	B	-0.01%
	NOV	D	-0.01%
	COLD	F	-0.01%
	MTN	D	-0.01%
	CLF	D	-0.01%
	DINO	D	-0.01%
	ALV	C	-0.01%
	JAZZ	B	-0.01%
	VFC	C	-0.01%
	RIVN	F	-0.01%
	BBWI	C	-0.01%
	COKE	D	-0.01%
	GNTX	C	-0.01%
	BIO	C	-0.01%
	AGNC	D	-0.01%
	ESTC	C	-0.01%
	CGNX	B	-0.01%
	WSC	F	-0.01%
	MASI	B	-0.01%
	LSCC	C	-0.01%
	RGEN	D	-0.01%
	UHAL	C	-0.01%
	MIDD	C	-0.01%
	WH	A	-0.01%
	NNN	F	-0.01%
	PCOR	B	-0.01%
	ACI	C	-0.01%
	BSY	D	-0.01%
	BERY	C	-0.01%
	WEX	D	-0.01%
	SEIC	A	-0.01%
	RHI	B	-0.01%
	TREX	C	-0.01%
	RRC	B	-0.01%
	TKO	D	-0.01%
	CRBG	C	-0.01%
	UI	A	-0.0%
	CNA	D	-0.0%
	REYN	D	-0.0%
	PPC	B	-0.0%
	RCM	B	-0.0%
	LCID	F	-0.0%
	AGR	C	-0.0%
	BOKF	B	-0.0%

QVML: Top Represented Industries & Keywords

Industries: Diversified Industrials Software - Application Utilities - Regulated Electric Semiconductors Business Services Diagnostics & Research Oil & Gas E&P Asset Management Banks - Regional - US Capital Markets Medical Instruments & Supplies Packaged Foods Aerospace & Defense Credit Services Health Care Plans Information Technology Services Insurance - Property & Casualty Medical Devices REIT - Residential Specialty Retail

Keywords: S&P 500 Nasdaq 100 Natural Gas Electricity Insurance Computing Dow Jones Component Electronics Aerospace Real Estate Investment Trust Bank Chemical Banking Medicine Semiconductor Telecommunications Insurance Products Petroleum Industry Investment Bank Mobile Devices

SCHX: Top Represented Industries & Keywords

Industries: Software - Application Diversified Industrials Business Services Utilities - Regulated Electric Banks - Regional - US Diagnostics & Research Asset Management Biotechnology Oil & Gas E&P Semiconductors Specialty Retail Software - Infrastructure Capital Markets Aerospace & Defense Insurance - Property & Casualty Packaged Foods REIT - Residential Specialty Chemicals Drug Manufacturers - Major Engineering & Construction

Keywords: S&P 500 Nasdaq 100 Computing Natural Gas Insurance Electricity Electronics Aerospace Bank Real Estate Investment Trust Chemical Dow Jones Component Medicine Banking Telecommunications Mining Semiconductor Insurance Products Biotechnology Cloud Computing